Answer:
$400 billion
Explanation:
The computation on the impact on total checkable deposits is shown below
= Increased in the bank reservce ÷ reserve requirement
= $60,000,000,000 ÷ 15%
= $400 billion
Therefore the impact on the total checkable deposits in the case when the bank reserves rises is $400 billion
We simply applied the above formula so that the correct value could come
And, the same is to be considered
